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67 (1 point) Suppose that the Canadian economy is in a severe recession. Most households are trying to save more of their income than before.
67 (1 point) Suppose that the Canadian economy is in a severe recession. Most households are trying to save more of their income than before. This increase in private savings will lead to: an increase in real GDP, as more savings means more funds will be business investment. available for a fall in real GDP, as more savings means people will spend less. no change in real GDP, because there is no savings multiplier. an increase in real GDP, as an increase in savings will make people wealthier
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